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Miner selloff slows down amid back-to-back difficulty increases

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Posted on August 18, 2022

Numbers from Glassnode show that the rising Bitcoin (BTC)price has led to a slowdown in miners selling off their BTC as mining difficulty has seen back-to-back increases of 1% since the beginning of August. “BTC Transfer Volume from Miners to Exchanges” (Source: Glassnode) Miner liquidations started right after the Luna crash in May. The chart

Coinbase posts $1.1B loss, Polygon dApps rocket 400% in 2022 and Elon Musk says inflation is on the decline: Hodler’s Digest, Aug 7-13

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Posted on August 13, 2022

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Elon Musk: US ’past peak inflation’ after Tesla sells

3 trends that will shape the future of Bitcoin mining

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Posted on August 12, 2022

Trends can tell a lot about where an industry has come from and where it’s going. When Bitcoin first launched in 2009, individuals were mining Bitcoin from their laptops, and I personally was mining Bitcoin from a few mining rigs set up in my dorm room. We didn’t know that we’d have to be concerned

Ripple Interested in Buying Up Celsius’ Distressed Crypto Assets: Report

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Posted on August 10, 2022

San Francisco payments firm Ripple is reportedly interested in buying assets from bankrupt crypto lending platform Celsius. According to a report from Reuters, a spokesperson for Ripple said that the company was looking to see if there was any synergy between it and Celsius’ assets. The spokesperson declined to say whether Ripple wanted to acquire

How to bake your own DAO at home — With just 5 ingredients! – Cointelegraph Magazine

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Posted on August 9, 2022

Decentralized autonomous organizations come in all sizes and flavors. Some can seem sweet; others turn sour. It can be fun and interesting to create one that suits your needs and satisfies your hunger for something new. We talk to the master chefs — Noam Hof of DeepDAO, Stru Delman of Aragon, and Fabien of Snapshot

Texas miner earned $9.5M in power credits while mining 318 BTC

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Posted on August 8, 2022

Riot Blockchain, one of Texas’s largest Bitcoin mining operations, earned around $9.5 million in power credits last month by turning off its miners. According to the company’s monthly report, Riot voluntarily curtailed its energy consumption in order to ensure more power would be available to ERCOT, which supplies power to 25 million Texans. Jason Les,

Sphere 3D Bitcoin production remains flat in July amid US customs problems, crypto winter

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Posted on August 8, 2022

Carbon-free mining company Sphere 3D‘s July 2022 report showed that it managed to keep up with its usual performance in July even though the 4,000 new mining rigs were held back in the U.S. customs during the winter market, where mining companies have been taking significant hits. The company has been expecting 4,000 S19J Pro

Mining firm Bit Digital grows Ethereum holdings 594% sequentially in July ahead of Merge

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Posted on August 8, 2022

New York-based mining firm Bit Digital grew its Ethereum (ETH) holdings by around 594% in July 2022, compared to June, according to its unaudited production update published on August 8. The firm increased its holdings from 313.6 ETH in June to 2,176.9 ETH in July. Consequently, the value of its Ethereum holdings surged from just

6 Questions for Tongtong Bee of Panony – Cointelegraph Magazine

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Posted on August 7, 2022

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Tongtong Bee, co-founder of Panony — an incubator, investor and adviser for blockchain and Web3 business. I’m Tongtong

Miner data shows Bitcoin could have bottomed

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Posted on August 7, 2022

Catching the coveted Bitcoin bottom requires analyzing more than just its price. One of the most reliable indicators of market bottoms has historically been miner data. Often considered to be one of the most resilient players in the crypto ecosystem, miners capitulate only when Bitcoin becomes too expensive to mine. Hash ribbons are a unique

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